ASPI crashes to 1 ½-week low
By Mario Andree
The bearish run at the Colombo Stock Exchange continued for the third consecutive session on Friday (3) dragging the benchmark index to a one-and-a-half-week low on a relatively higher turnover with continued foreign entry into the Bourse.
The benchmark All Share Price Index (ASPI), which started the day at 11,252.30 points, lost 263.98 points (2.35 per cent) to close at 10,988.32 points, it’s lowest since 25 November.
Commercial Leasing and Finance, LOLC Finance, LOLC Development Finance, Expolanka Holdings and LOLC Holdings dragged the ASPI down, despite attempts by Sri Lanka Telecom, Browns Investment, Access Engineering, Royal Ceramics and Lanka IOC to push it up.
The S&P SL20 index, which represents the top 20 companies, listed, which started the day at 3,912.88 points, slipped 25.78 points (0.66 per cent) to close at 3,887.10 points.
The day’s turnover reached seven billion rupees, higher than Rs 6.48 billion recorded the previous market day.
More than 305.79 million shares changed hands during 45,715 trades that took place.
Shares of 254 companies were traded during the day, of which 155 emerged as losers comfortably ahead of 45 winners.
Foreigners were net buyers during the day. The net foreign inflow on Friday (03) stood at Rs 7 million as foreigners purchased sharesworth
Rs 85 million as against sales worth Rs 79 million.
Top ten losers during the day were: Commercial Leasing and Finance, Tangerine Beach Hotels, LOLC Development Finance, Resus Energy, LOLC Finance, Softlogic Finance, Lighthouse Hotel, Anilana Hotels, Softlogic Capital and Serendib Engineering Group.
The top ten gainers were: SMB Leasing (non-voting), Blue Diamonds, DIMO, Laugfs Gas (non-voting), Lanka IOC, Lotus Hydro, Asiri Surgical Hospital, Sigiriya Village, Access Engineering and Eden Hotel Lanka.